Smile. The future looks good. - LTCI Partners. Planning Made Easy.

LifeSecure Insurance Company
Smile. The future looks good.
Long Term Care Insurance
California
The worry-free future
LifeSecure takes the wrinkles
out of long term care insurance.
Your future is what you make it. LifeSecure helps you
create a future with fewer worries and more security.
We offer straightforward long term care insurance
designed to fit your life and your budget.
has arrived.
What is long term care?
It consists mostly of “custodial care,” or assistance with
daily activities, such as bathing and dressing, rather
than medical care that would be covered by your
health plan.
Without a plan, care options may be limited and
potential long term care expenses could result in
significant out-of-pocket costs – affecting your savings
and other assets.
Many people require some amount of long term care
services as they age. But a serious illness, accident or
disability could also cause someone much younger to
need long term care. Planning for the potential cost
of long term care is something that everyone should
consider.
Long term care insurance was designed to help solve
that problem. And LifeSecure makes it simpler and
more affordable than you might think.
Enter the future
When you choose LifeSecure,
you choose a more secure future.
Here’s how we make long term care
insurance stress-free.
with less stress.
LifeSecure erases the worry.
LifeSecure is simple.
Whatever the future brings, LifeSecure helps you to
stay in control of your life and assets. So you can feel
better about the future.
Unlike other long term care insurance products,
LifeSecure uses a simple Lifetime Benefit Amount
system, with few complicated riders and add-ons.
We remove the confusion and make it easier to
choose exactly the benefits you want.
LifeSecure is flexible.
We give you the power to set coverage levels and
premiums based on your perceived needs and
personal budget. And our policy design offers
tremendous flexibility when a claim arises, by
providing coverage for a broad range of providers
and services, including informal caregivers.
LifeSecure is affordable.
If you thought long term care insurance was out of
reach, think again. We make it easy for you to choose
the right coverage levels based on your own target
premium.
Sleep better tonight
Choosing a plan is simple. And our Budget-Point PricingSM tool can help. By entering your age and target monthly
premium, you can quickly and easily find a plan design that fits your budget. Try it at www.YourLifeSecure.com.
1. Choose your Lifetime Benefit Amount.
(between $100,000 and $1,000,000)2
Your Lifetime Benefit Amount represents the benefit
amount available to help pay for your long term care,
should you need it. We can help you determine the
size of your Lifetime Benefit Amount based on the
premium you’re comfortable with.
2. Choose a Maximum Monthly Benefit.
(1%, 2% or 3%* of your Lifetime Benefit Amount)
Your Maximum Monthly Benefit represents the amount
of benefits available to you in any given month. You
can choose your Maximum Monthly Benefit according
to your target premium and how much money you
want to have available for care or services.
Lifetime Benefit
Amount
2
Your Maximum Monthly Benefit must be $1,550 or greater.
Note for employees or members of multi-life groups:
Additional health questions are required for Lifetime Benefit
Amounts > $300,000 or $400,000, depending on your
group’s multi-life program.
$300,000
x
Access
Limit
1%
=
Maximum Monthly
Benefit
$3,000
For example, a $300,000 Lifetime Benefit Amount and a
1% Maximum Monthly Benefit would give you access to
$3,000 per month.
*3% Maximum Monthly Benefit not available for Lifetime
Benefit Amounts over $500,000.
and years from now.
3. Review all other features and benefits
available to you.
Standard features
•
•
•
•
Supplemental Covered Expenses
Guaranteed Future Purchase Offers
Spouse or Registered Domestic Partner (RDP) Discounts
Waiver of Premium (upon claim)
Optional riders
•
•
•
•
3% Automatic Compound Benefit Increase Option
5% Automatic Compound Inflation Protection Benefit
Shortened Benefit Non-forfeiture Option
Shared Care Rider
Shared Care Rider
You may also elect a Shared Care Rider,
which allows couples the ability to share
their Lifetime Benefit Amounts with each
other. To be eligible for the Shared Care
Rider, both individuals must have identical
coverage selections.**
**Initial Lifetime Benefit Amount may not
exceed $750,000 per spouse/RDP when
selecting the Shared Care Rider.
A closer relationship
The LifeSecure Care Advisor
With LifeSecure, you and your family are not alone.
We’re with you from the day you receive your policy,
and we’ll stay close from that day forward.
You’ll always have access to a LifeSecure Care Advisor
who can help you with everything from long term care
questions to recommendations for a residential care facility.
The LifeSecure Web Portal
Your LifeSecure Web portal at www.YourLifeSecure.com
makes it even easier to stay connected. You can review
your own coverage amounts, premiums and other
policy details, as well as access copies of your policy
and application anytime. You can also stay in tune with
long term care issues whenever it’s convenient for you.
We help you make choices that are right
for you.
Who knows what’s best for you, better than you? We
understand that care needs and situations are unique,
so we designed our policy for maximum flexibility at
the time of claim.
Here’s how the LifeSecure policy works when you
need care:
• We will pay for qualified long term care services
up to your full Maximum Monthly Benefit each
month. Such services may be provided in your
own home, a residential care facility, adult day
care center, or a nursing facility.
LifeSecure wants you to be able to use your benefits in
the ways that work best for you.
begins today.
Supplemental Covered Expenses
This policy also provides benefits for the following:
• Caregiver Training Benefit
Training for an informal caregiver or an immediate
family member to perform maintenance and
personal care services for you in your home.
This Caregiver Training Benefit can be accessed
during the 90 calendar day Elimination Period.
This benefit is reimbursed up to 1X your Maximum
Monthly Benefit over the life of your policy.
• Home Modification & Supplemental Products
Benefit
Services or products required in accordance with
a Plan of Care that include: home modifications,
emergency response systems, or durable medical
equipment required by a chronically ill person in
order to live at home.
Services and products are reimbursed up to 1X
your Maximum Monthly Benefit over the life of
your policy.
Plan your future with confidence.
LifeSecure can help.
Here are some answers to frequently asked questions.
Q: Why do I need long term care insurance?
A: It’s important to consider your risk of needing long term care, especially as you age. Care costs have
increased steadily over the years, and that trend is expected to continue. Long term care insurance provides
coverage to help protect your retirement savings and other assets. It can provide peace of mind knowing
that you and your family will receive help coordinating care, selecting care options and covering expenses.
Q: Doesn’t Medicare or Medicaid cover long term care?
A: Generally, Medicare doesn’t pay for long term care. Medicare only pays for medically-necessary skilled
nursing facility care or home health care if you meet certain conditions. Long term care includes non-medical
care for people who have a chronic illness or disability. Non-medical care includes non-skilled personal
care assistance, such as help with everyday activities like dressing, bathing, and using the bathroom.
Long-term care can be provided at home, in the community, in residential care facility or a nursing facility.
Medicare and most health insurance plans, including Medigap (Medicare Supplement Insurance) policies
don’t pay for this type of care, also called “custodial care.”1
Medicaid (also called Medi-Cal) is a joint Federal and state program that pays for certain health services
for people with limited income and resources. If you qualify for Medicaid, you may be able to get help
to pay for nursing home care or other health care cost once you meet state eligibility requirements, which
can vary from state to state.2
Q: Why buy long term care now?
A: Premiums are based on your age and health and are guaranteed renewable. Locking-in coverage now
means lower premiums for you. LifeSecure allows you to choose the right coverage based on a premium
that makes sense to you.
Q: How long will I have to pay premiums?
A: Most long term care insurance policyholders choose to pay premiums over a lifetime. However, LifeSecure
also offers a 10-Year Premium Payment option which allows for accelerated payments over a shorter
period of time. LifeSecure’s long term care insurance policy also includes a Waiver of Premium provision.
Your premium payments are waived beginning on the first day you start receiving benefits.
Q: How do I qualify for a spouse or registered domestic partner (RDP) discount?
A: You can qualify for a spouse or registered domestic partner discount in one of two ways: 1) if you and
your spouse/RDP are both issued coverage, a 30% discount will be applied to both policies; or 2) if your
spouse/RDP does not apply for coverage or is not accepted for coverage, a 10% discount will be applied
to your policy alone.
Q: Does a deductible apply to my coverage?
A: The “Elimination Period” is a form of deductible with long term care insurance. Our policy has a 90
calendar day Elimination Period. This is the period of time from when your qualifying impairment begins
to when your benefits actually become payable. Your Elimination Period need only be met once per
lifetime. And you are not required to be receiving paid services in order to accumulate your Elimination
Period days.
1, 2
Medicare & You, Centers for Medicare and Medicaid Services, 2011.
Q: How much coverage is enough?
A: Consider the following factors when determining the amount of coverage that may be right for your
particular situation:
• Your gender – On average, women are more likely to require long term care than men.
• Your family health history – You may be at an increased risk for a chronic condition such as Alzheimer’s
disease, dementia, cancer, diabetes, Parkinson’s disease or stroke if a close family member has had
one or more of these conditions.
• Your budget – Select a plan design with a premium that fits within your current budget. It is a good
idea to lock-in coverage now while you are younger and likely healthier, as premiums are higher for
older applicants.
• Where you plan to retire – The costs of long term care services can vary greatly by geographic
location.*
• Where you wish to receive care, if needed – Long term care costs vary based on where services are
received (at home, in the community or at a residential care facility).*
Think about including an optional inflation protection rider or benefit increase rider to help keep up with
anticipated increases in the cost of care. A LifeSecure agent can help you choose the coverage that’s right
for you and your budget.
* Refer to the LTC – Cost of Care tool at www.YourLifeSecure.com for average costs, by state, for care
received at home, in the community and in facilities.
_____________________________________________________________________________________________
Exclusions and Limitations
No benefits will be payable under this Policy for: a loss that occurs while this Policy is not in force; or an
illness, treatment or medical condition that is due to war or act of war, whether declared or not; or an
illness, treatment or medical condition that results from an attempt at suicide (while sane or insane) or an
intentionally self-inflicted injury; or treatment related to alcoholism or drug addictions; or expenses for
services or items to the extent that such expenses are reimbursable under Title XVIII of the Social Security
Act (Medicare), or would be so reimbursable but for the application of a deductible or coinsurance amount;
or care or services, unless otherwise required by law, for which benefits are duplicated or provided under
a governmental program (except Medicaid), any state or federal workers’ compensation, employer’s
liability or occupational disease law, or any motor vehicle no-fault law; or care or services provided by an
immediate family member unless: he or she is a regular employee of an organization which is providing
the treatment, service or care; and the organization receives the payment for the treatment, service or
care; and he or she receives no compensation other than the normal compensation for employees in his
or her job category; or care or services or which no charge is made in the absence of insurance; or care
or services provided outside the United States of America, its territories or possessions, or Canada.
For more information, contact your agent or visit us at www.YourLifeSecure.com.
FPO
Hello future. Goodbye worry.
www.YourLifeSecure.com
LifeSecure and the circular logo are trademarks of LifeSecure Insurance Company - Brighton, MI. Our long term care insurance product is underwritten by LifeSecure Insurance Company. This marketing brochure is for illustrative purposes only and is not a contract. It is intended only to provide a
general overview of our product and services. Availability of benefits, amounts, options and discounts may vary by state. Please remember only the
insurance policy can give actual coverage amounts, terms, and conditions. A sample policy is available upon request. Refer also to the Outline of
Coverage. This is an insurance solicitation. A licensed LifeSecure sales agent may be contacting you.
Policy Series # LS-0002
LS-0300 CA 12/13 REV
California C of A #08576